Univar acquires Canadian firms, strengthens agriculture business

Univar acquires Canadian firms, strengthens agriculture business

7:36 AM, 4th October 2015
Univar acquires Canadian firms, strengthens agriculture business
J Erik Fyrwald, president and CEO, Univar. (File photo)

REDMOND, US: Univar USA Inc said that its wholly owned subsidiary, Univar Canada Ltd (Univar Canada), has acquired all of the outstanding stock of Future Transfer Co Inc, BlueStar Distribution Inc and BDI Distribution West Inc.

Founded in 1973, Future/BlueStar specializes in logistics, warehousing, packaging and formulation services to the agriculture industry in Canada. The company has 90 employees and operates from six locations.

“This acquisition positions Univar as the leader in multiple value-added services in the Canadian agriculture market,” said J Erik Fyrwald, president and CEO, Univar.

“Future and BlueStar bring additional expertise in multiple areas that, combined with Univar agriculture’s capabilities, are vital to growing relationships with suppliers, who are increasingly focused on research,” he added.

Univar plans to combine the Future/BlueStar businesses with Fort Storage, a Univar company that provides warehousing, logistics, and distribution services in Canada. In addition to providing the company with an immediate, national presence in the 3PL market, the acquisition enhances Univar agriculture’s distribution network, which now includes 10 facilities in four provinces with more than 1.2 million square feet of agrichemical warehousing standards association (AWSA) warehouse space, the most in Canada.

“The acquisition is an opportunity to immediately have a national presence and be the strongest link in our clients’ supply chain, and at the same time leverage the new benefits that Univar can provide,” said Mike Perovich, owner of Future Transfer.

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